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20121116
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ABC
Nov 11, 2012 9:00am EST
money in washington. what's choking our economy and what's choking the economy of greece, but, entitlements are choking us and we've got to make the real reforms to make sure that we do it right. we protect these programs and thirdly, speaker boehner said it very well, i thought he showed great leadership that revenues need to be on the table. again, we need to do it in the right way. bowles-simpson said reduce the reductions where you can, lower tax raets by doing that. george, we got to get this economy going again. we have had an outside group ernest and young look at raising of taxes on the highest income earners. we would lose 700,000 jobs in america. is that the kind of economy that this president wants to start out with in his second term? i don't think so. president obama said two years ago, now is not the time with a sluggish economy to raise taxes. we need to consider the fact that folks who started raising taxes on the business creators. there's a right way to do this and there's a wrong way to do it. and speaker boehner was absolutely correct, you have to have reve
ABC
Nov 9, 2012 4:00am EST
will speak from the white house today about his game plan to grow the economy as well as cut the deficit. and republicans say they are ready to make it happen. abc's tahman bradley is in washington this morning. good morning, tahman. >> reporter: good morning, paula and rob. shortly after he was re-electioned, president obama called congressional leaders to discuss the so-called fiscal cliff. it's a major problem. it has to be solved by the end of the year. republicans and democrats have signaled they're ready to talk. but there's a major hurdle. a showdown's looming in washington, even as democrats and republicans strike a conciliatory tone post-election, both sides are set to collide over taxes. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. >> reporter: in an exclusive interview with abc news, house speaker john boehner drew a hard line on raising taxes. but opened the door of raising more revenue as part of a deficit reduction deal. >> i would do that if the president were serious about solving our spending problem and trying to secure our entitl
ABC
Nov 9, 2012 4:30am EST
on how people are surviving. >>> now the election is over and time to focus on the economy. what the president is doing about that today on his friday, november 9th. >>> and thank you for joining us. a long week. >> you think about so much going on the nor'easter, the election, we have been with you every morning. tgif! [ laughter ] >> you want to know what the weather will be like. a lot of spots over that and we're meeting that. 38 degrees. and the winds will slowly start to calm down. nothing like we felt the day before that. >>> the we'll stay this way throughout the day and plenty of sunshine. temperature at 53 degrees. megan and charlie over to you. >>> workers are attempting to fix that water main break. they made some progress by digging up the asphalt to get a look under it. the problem they face is how to close the break. and water was gushing. >>> this will be affecting your commute throughout the course today on friday. lauren has been watching the roads telling us what to avoid. >> this break is massive. and repairs are underway, that will be between penn station and
ABC
Nov 12, 2012 11:35pm EST
. with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> he was the undisputed king of pop, michael jackson, voice behind the best-selling album of all time who set the stage for pop music, left a lasting imprint on generations of performers, but despite the late singer's unparalleled talent, jackson's legacy was tarnished by addiction. his loneliness, the ultimate scandal and now a revealing new book is shedding fresh light on his private struggles, so here's abc's nick watt. ♪ thriller >> there hasn't been anyone that famous in a single moment as he was duri
ABC
Nov 13, 2012 4:55am EST
. it won't be disastrous. the bigger picture is the jolt to the economy, may not be immediate couldn't cause the economy to kick back in to a recession, minus point 9%, to minus 3.5%. maryland has more to worry about. tax rates are going to go up. we will r a state that works closely with the federal government. any cut backs, in nondefense and defense will impact maryland more so than kansas or indiana. >> leaders come back in session today, while we see expiration going to be in session 16 days. can you realistically see them coming up with a resolution? [technical difficulties] >> two years we have been watching this, republicans in the house, democrats in the isn't and the president, kind of going back and forth with this, it's a stare down of sorts. nothing has changed. when congress comes, in nothing has changed. >> realizing that, but something has changed. the u.s. re-elected an individual for the first time, second time, with high unemployment rates. there is a mandate to continue on to his policies. congress, there were slight shifts in the numbers. overall, there is a sens
ABC
Nov 14, 2012 2:00pm EST
of strengthening the middle class and improving the economy. i have good relationships with folks in the house and senate. i have a lot of relationships on both sides of the aisle. it hasn't always manifested itself in the kind of agreements i would like to see between democrats and republicans. and so, think all of us have opponen responsibility of things to see if we can improve on. i need to see if i can improve our working relationship. probably some very sharp differences still. and as i said in the campaign, there will be times where there are fights. think those are fights that need to be had. but, what i think the american people don't want to see is a focus on the next election instead of a focus on them. and, i don't have another election. and you know, michelle and i were talking last night about, you know, what an incredible honor and privilege it is to -- to be put in this position. and there are people all across the country, millions of folks who have worked so hard to help us get elected. but there are also millions of people that may not have voted for us and are also counting
ABC
Nov 8, 2012 2:35am EST
in greece over budget cuts and word that europe's strongest economy germany is in trouble. but quickly investors turned back to our looming problem, the road we are on to the so-called fiscal cliff at the end of the year. $650 billion of combined spending cuts and tax cuts expiring automatically. wall street selloff led to a loss of $300 billion in market value wednesday alone. however, just after close of trading wednesday, greece did pass its austerity measures so markets should be tempered a bit. when it comes to the future we can't expect uncertainty as the fiscal cliff looms ahead. >> coming up, advice on sorting out some of the hottest new options in tablets and touch screen computers. >> would you believe tab tops, >>> and welcome back to "world news now." we are pleased to have with us tech editor joanna stern. joanna will tell us about five crazy computers that run microsoft's new windows 8. crazy in a good way. >> crazien a great way. i am telling you they're crazy. >> not like us in a crazy way. >> not mentally insane. >> what are we starting with? >> windows 8 for tablets,
ABC
Nov 9, 2012 6:00pm EST
the wealthiest americans to pay a little more in taxes. >> everyone wants to get the economy moving again, even everyone wants to get americans back to work again. raising tax rate will create the jobs that everyone says they want. >> the average household will see a tax increase of 3500 bucks if they can't reach an agreement. >>> 4s has been dethroned, the galaxy s3 overtook the 4s. 18million galaxy phones shipped worldwide compared to 16.2 million iphone 4s'. iphone 4s sales dropped as everyone waited for the release of the iphone 5. hurricane sandy may have ruined their halloween celebration, local children got a do over today. second chance to trick or treat. happening now, through sunday, the 2012 water foul festival. wyatt everhart is on the go. he will bring us something back to decorate the office. >> a nice shot of a goose right here. >> i tell you, we have seen it all. we have seen it all here, jamie, i'm sorry, rosey, and joesey and rosey, we have seen it all here, art, we have seen just incredible sights here. 42nd near for this. long standing eastern shore, easton tradition at the
ABC
Nov 8, 2012 6:30pm EST
prescription, given where our economy is. >> reporter: is it on the table to talk about? >> i made clear yesterday tha t unacceptable and it couldn't pass the house. putting increased revenues on the table, but through reforming our tax code. and i would do that, if the president were serious about solving our spending problem. and trying to secure our entitlement programs. the president and i have had various conversations. i'm confident that we can find the common ground necessary. >> reporter: so, you will talk about it, even if you believe it's the wrong approach, you'll talk about it. >> of course we'll talk about it. we talk about all kinds of things we may disagree on. i'm the most reasonable, responsible person here in washington. the president knows me. he knows that he and i can work together. the election's over. now it's time to get to work. >> reporter: and the speaker seemed confident that after this election, tea party members will be supportive of getting work done. so, i asked, will he still repeal obama care? you had said, next year, that you would repeal the health ca
ABC
Nov 9, 2012 6:30pm EST
over the economy and saying, he thinks voters sent a message, lund clear. >> reporter: in his first official appearance since re-election, the president signaled to republicans that he is primed for battle. >> i refuse to accept any approach that isn't balanced. >> reporter: unless he and congress come to a deal, the fragile u.s. economy is headed towards something called the fiscal cliff, on january 1st. $6 trillion in tax increases that will hit all working americans and $1.2 trillion in spending cuts, leading to what experts predict will be another recession. the biggest sticking point is whether the bush tax cuts for those who make more than $200,000 a year should expire. the president says they should, it's a case he made over and over on the campaign trail. >> tax cuts. tax cuts. try a tax cut. >> reporter: but yesterday, republican house speaker john boehner told diane sawyer that was a nonstarter. >> is it on the table to talk about? >> i made clear -- >> the wealthier americans pitch in. >> i made clear yesterday that raising tax rates is unacceptable. and frankly, it could
ABC
Nov 9, 2012 7:00am EST
, that raising taxes on small business people is the wrong prescription, given where our economy is. >> reporter: but raising taxes on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. try a tax cut. another trillion dollar tax cut that favors the wealthy. >> reporter: in her exclusive interview thursday, diane sawyer pressed the speaker on that. >> 60% of the voters have said that they are ready to raise these taxes. they are ready to have the wealthier americans pitch in here. >> i said yesterday that raising tax rates is unacceptable. >> reporter: the looming fiscal crisis has already affected financial markets, helping drive the dow below 13,000 for the first time since september. if a deal is not struck, virtually every american taxpayer will see a substantial increase in their taxes starting january 1st. during the last negotiations, speaker boehner's hands were tied because tea party conservatives opposed compromise. here's what he told george back then. >> there's no dayl
ABC
Nov 9, 2012 2:35am EST
is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear. >> wealthier americans pitch in here. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table, but through reforming our tax code, and i would do that if the president were serious about solving our spending problem and trying to secure our entitlement programs. i am confident that he and i can find the common ground necessary. >> that common ground may be tough to find because the president has already said he would veto any deal that does not allow tax cuts for the rich to expire. boehner says republicans would introduce new tax revenue as they work toward a deal. >>> the bean counters on capitol hill are out with analysis of what could happen if we do go over the fiscal cliff. the congressional budget office says lack of a deal would plunge the economy back into a recession. and it says the unemployment rate would likely rise over 9%. >>> after more ballot counting yesterday, washington has become the third state t
ABC
Nov 7, 2012 11:35pm EST
in china. it has more cash on hand than many country's entire economies. and it's been written off prematurely before. time to sell or time to buy? there's probably an app for that. i'm neal karlinsky for "nightline" in seattle. >> you know they got something cool cooking. thanks to neal and thank you for watching abc news. we're always online at abcnews.com. and we'll be here tomorrow night. i hope you'll join us then. have a good nit.
ABC
Nov 8, 2012 5:30pm EST
of the rival chains. a weak economy and improved menus from the competition are being blamed. >>> all right. we have a warning for all your twitter users. your account might have been compromised. twitter sent out a message to them telling them to reset the password. twitter as not confirmed the size of the hack but said everyone who received an email should reset their password right away. >>> in the year 2030, adrian will be able to vote for the next president. >> uncle rosie has a story about her birth, when she was bornen side her columbia home. >>> yesterday we sought assistant principal kiss a pig twice. today we see a principal get a pie in the face. music: guitar, clapping and whistling throughout. multivitamin coming in. on it chief! look alive people! smooth and steady guys. everything on schedule down here? yep, pretty regular. nice job. keep it strong. thanks. onward and upward! vo: launch your day. ...with the multivitamin made with 26 fruits and vegetables plus extra b-vitamins... ...for energy. alive. start feeling it. >>> all right. early sunsets. got to get used to that. the su
ABC
Nov 8, 2012 11:35pm EST
, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. thank you, mr. speaker, uh,n, rmembers of congress.ses in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ we take care of our own ♪ wherever the flag flows ♪ we take care of our own >> the boss came over from jersey tonight to help take care of our own. he's a lock to play the stand up for heroes event, founded by abc's own bob woodruff, after his wounds in iraq introduced him t
ABC
Nov 9, 2012 6:00am EST
the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are chosen and put on ties. they have done this for years and it has raised a lot of money if you have one today is the day to wear it. can you buy one, too. linda so is live and where are the ties sold? >> reporter: it is all in collaboration with jos a. bank, that's where can you find them. the collection is out. can you find them in the others -- stores and online. the artists who designed their own ties are wearing them. can you wave. they are troopers for getting up this early to be with us. you are with hopkins, you work with the kids. this is cool. >> this is one of my favorite projects all year. the kids do a great job of putting their personality to paper. you can see there is a variety of designs that comes together every year. th
ABC
Nov 9, 2012 5:30pm EST
. experts say it's understandable, given the economy and stress all ofous are under. >>> a warmer day in comparison to yesterday. miresville, beautiful shot along the appalachian trail. made it in to middle 50s. you are going to crank it to 60. tomorrow the sunset, we are back to dark. dundalk, towards the key bridge, lots of sunshine getting your temperatures up to near 60 degrees, we will bust pass that in to the day tomorrow. maybe a beach day by monday as temperatures could come close to 70 if not surpassing that 71 in to tuesday afternoon. shot downtown b at 5:30, the 5:30 stats, 48% humidity, 33 the dew point. westerly wind, calming down at 5. in terms of this afternoon, up to 56 degrees, should be around 5249 time of the -- 59 this time of the year. temperatures across the state, range from 52 in the city, 54 towards frederick, falling in to the low 50s over the eastern shore, you will see your temperatures going down in to the 30ss tonight, 2 degrees warmer in comparison to 24 hours ago. milder air move in. a southerly wind, getting you temperatures going in to the 60s. at 7:0
ABC
Nov 12, 2012 4:30am EST
and economy and poverty. it takes place at baltimore marriott and starts at 12:30. >>> your money hangs in the balance over what happens in the next few weeks. the president invited leaders from the labor and business communities to the white house for talks of the fiscal cliff. and on friday, he will meet with the congressional leaders they have until december 31st to hammer out a deal that would stave off tax increases and spending cuts if that deal is not reached. average american family would end up paying nearly 3500 dollars in new taxes in 2013. >>> money is not a problem for some. the blue dress julie garland wore in the wizard of oz sold for $480,000 in an auction in beverly hills. no word if dorothy's dress will be reunited with the ruby red slippers and the buyer has not been identified. >>> twilight fans camped out outside the nokia theater in los angeles. the film the last film in the series the twilight saga breaking dawn part 2 premiers today. so fans hope to get a glimpse of the cast as they walk the black carpet for the debut. >>> a piece of baltimore history is waving p
ABC
Nov 14, 2012 4:00am EST
's economy. the federal budget deficit last month was $120 billion, 22% more than a year ago. it's a sign the country is on track for its fifth-straight annual deficit of more than $1 trillion. the u.s. has not had a surplus since 2001. >>> u.s. airways is reportedly pushing for a merger with american airlines. sources tell bloomberg news, the smaller airline presented a detailed plan to american's creditors yesterday. american would rather exit bankruptcy as an independent carrier and will make its case to its creditors today. >>> well, black friday, the day after thanksgiving, is traditionally the kickoff for the holiday shopping season. but it may not be the best day to go shopping. the least crowded days to shop are the monday, tuesday, and wednesday, and thursday after thanksgiving. in two weeks. the latest of the light days of the stores is december 11th. after that, you'll be fighting the crowds and hunting for a parking space. or you can shop online like rob does. >>> there's new evidence the market for modern art is booming again. mark rothco's royal red and blue sold for $75 mil
ABC
Nov 11, 2012 6:00pm EST
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ can you start the day the way you want? can orencia help? could your "i want" become "i can"? talk to your doctor. orencia reduces many ra symptoms like pain, morning stiffness and progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an increased risk of serious infection. serious side effects can occur including fatal infections. cases of lymphoma and lung cancer have been reported. tell your doctor if you are prone to or have any infection like an open sore or the flu or a history of copd, a chronic lung disease. orencia may worsen your copd. [ male announcer ] now learn about a program
ABC
Nov 14, 2012 4:55am EST
and then hold a closed-door meeting with business leaders to talk about dproaing the economy. all of this, once again, set for this afople are still in the dark in long island two weeks after sandy hit and now the head of that power company is stepping down. mike herbie's resignation comes amid backlash of what's going on there. governor andrew cuomo announced special plans to have a committee investigate the utility and a group of long island residents filed a class action lawsuit against lipa for response to how they've handled sandy. >>> the biggest casualty from sandy here in our state was ocean city's famous fishing pier. but the mayor assures us it may be rebuilt in time for the summer 2013 season. it will be no easy task, though, as the majority of that damage was done on the end of the pier, the part that is now in the water. workers will have to battle the surf as they try to replace those beams. >>> well, it may not have been a first, but baltimore is now still beaming with pride from the orioles and their manager. what the baseball riders had to stay about his managing style and le
ABC
Nov 15, 2012 6:30am EST
to decline. the survey paints the mixed picture for an improving economy but also uncertainty over whether we are going to get off that fiscal cliff. >>> it's going to cost your employer a little bit more this year to pay for the health care benefits. it's the smallest increase in 15 years. according to health consultant mercer they will see the cost jump 4.5%. they say because companies have the 2014 implementation of the health care reform, they're making greater efforts to cut costs. passing that expense on and the risk to you. >>> so are you looking for a reason to quit smoking? how about because today is the great american smokeout. it's a day started by the american cancer society to help people stop puffing away on smokes. now smoke you cannot only causes all kinds of diseases and cancers it can affect your everyday life. among them the university of baltimore and the howard county general hospital are taking part. >>> sharpton is congresswomanning to baltimore for the next -- coming to baltimore for the next three days. he's going to be leading discussions on how this fiscal cliff cou
ABC
Nov 8, 2012 7:00am EST
to our economy. it's a perplexing time for many of us right now. >> reporter: in high-profile races from the top on down, it was a night of republican concession speeches. >> i pray that the president will be successful in guiding our nation. >> things don't always turn out the way you think they're going to. >> reporter: now, the question is, how to bring the party back from political exile. in five out of the last six presidential races, republicans lost the popular vote. the defeat was especially crushing among the largest voting group, women. as well as the fastest-growing voting group, hispanics. >> i think republicans have done a pathetic job of reaching out to people of color. >> reporter: what could be the opening salvo of the 2016 republican primary. some in the party are lashing out at new jersey governor chris christie, for giving the president a boost for his handling of sandy. christie insists that's nonsense. that he worked harder, with the possible exception of paul ryan, to get mitt romney elected. george? >> thanks, jon. >>> we turn to nicolle wallace. you see some of th
ABC
Nov 8, 2012 12:00am EST
. with turbo-charged ecoboost engine and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >> jimmy: hi there. tonight on the program, her new show is called "nashville." it airs wednesday nights here on abc hayden panettiere is here. and then, with music from his debut cd, it's called "lace up." mgk from the bud light stage. tomorrow night, from animal planet, dave salmoni will be here with wild animals. do we know what wild animals he's bringing? a jaguar? great. kirstie alley will be here, hopefully without wild animals. really, a jaguar?that's safe to? is it a baby jaguar, at least? it's a baby? okay, good. and music from tyler bryant and the shakedown. and we have a new show for you on friday night, too, james bond himself, daniel craig will be here. and the author of "twilight" series stephenie meyer. and music from boys like girls. all right. also, we got a guy here in the audience who is looking for a job here in california. if you need -- he's a former true want officer from chicago and -- he needs somebody to watch the
ABC
Nov 12, 2012 7:00am EST
for the financial markets, japan's economy, the world's third largest shrank 3.5% last quarter. a sign that japan may now already be in recession. >>> and finally, a major embarrassment for britain's iconic beef eaters. those guards that stand guard in london. the somehow, the thief managed to scale the walls here and steal the keys to the tower, including the key that unlocks the draw bridges. guards reportedly saw the burglar but couldn't leave their positions to chase him. they radioed a night watchman but got no response. we're told the queen's jewels, inside the tower, were never at risk. ohm to amy. >>> autism is estimated to affect 1 out of every 88 children born in the u.s. and now a new study says that having the fever or a flu for a week during pregnancy could at least double the chances for a child born with autism. abc's dr. richard besser is here with us to break down the new research. dr. besser, this is a frightening head line. >> so here's what they found. if a mother reported having flu during pregnancy, her risk of having a child with autism increased from 1% to 2%. if she repor
Search Results 0 to 24 of about 25